Synthetic Blood Substitutes and Blood Product Market is expected to reach USD 21.78 Billion by 2030, as per Maximize Market Research.

The Synthetic Blood Substitutes and Blood Product Market size was valued at USD 7.12 Billion in 2023 and the total Synthetic Blood Substitutes and Blood Product Market revenue is expected to grow at a CAGR of 17.32% from 2024 to 2030, reaching nearly USD 21.78 Billion.

Synthetic Blood Substitutes and Blood Product Market Overview

The market for artificial blood substitutes and blood products is growing quickly due to the demand for options to real blood in medical care and urgent situations. Synthetic blood substitutes, such as Perfluorocarbon-Based Emulsions (PFCs) and Haemoglobin-Based Oxygen Carriers (HBOCs), are designed to mimic the oxygen-carrying ability of red blood cells. HBOCs utilize various sources of haemoglobin for oxygen transportation, whereas PFCs conveniently dissolve and release oxygen. Utilizing synthetic blood substitutes could potentially reverse cellular harm resulting from oxygen deprivation, thus possibly boosting the supply of organs for transplants, managing heart attacks and strokes, and even reversing mortality.

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These methods, trailed on pigs, entail linking the animal to a pump that circulates an artificial blood replacement with oxygen and a blend of other substances to avoid cell damage and enhance healing mechanisms. OrganEx is a system that mixes an animal's blood with an artificial blood substitute in a 1-to-1 ratio. This substitute has oxygen, correct acidity, and the right levels of electrolytes and biochemicals, along with 13 additional drugs.

This progress in the Synthetic Blood Substitutes and Blood Product market may result in an increase in organ transplants and improved treatments for heart attacks and strokes, potentially rescuing individuals who are currently deemed untreatable. The region's supremacy is due to its embrace of cutting-edge technology, substantial progress in stem cell research and development, and extensive health insurance coverage in nations such as the United States, Canada, and Mexico. These factors work together to drive the growth of the synthetic blood substitutes and blood product market by guaranteeing availability of advanced medical solutions. Additionally, the advanced healthcare systems in North America, offered by both public and private entities, support the incorporation and acceptance of new synthetic blood substitutes and blood products. text will remain the same.

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Synthetic Blood Substitutes and Blood Product Market Segmentation

By Source

• Human Blood
• Animal Blood
• Synthetic Polymers
• Stem Cells
• Others

By Type

• Perfluorocarbon Based Product (PFC)
• Haemoglobin Based Oxygen Carrier
• Synthetic Platelet
• Recombinant Factor
• Blood Expander

By Application

• Cardiovascular Diseases
• Anaemia
• Organ Transplant
• Injury and Trauma
• Others

By End-user

• Hospitals and Clinics
• Blood Banks
• Others

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Synthetic Blood Substitutes and Blood Product Market leaders

• Aurum Biosciences Ltd
• Baxter International
• Dentritech, Inc
• Hemoglobin Oxygen Therapeutics LLC
• HemoBioTech, Inc.
• Hemarina SA
• KaloCyte Inc.
• NuvOx Pharma LLC
• SpheriTech Ltd
• Others

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Key questions answered in the Market are:

• What was the Market size in 2023?
• What is the projected demand for the Synthetic Blood Substitutes and Blood Product Market?
• Which are the factors expected to drive the Market growth?
• What is the future projection for the Synthetic Blood Substitutes and Blood Product Market?

Key Offerings:

• Past Synthetic Blood Substitutes and Blood Product Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Synthetic Blood Substitutes and Blood Product Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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